Europe’s leading brand in light commercial vehicles, Volkswagen Commercial Vehicles, managed to achieve new record values in the 2011 fiscal year in deliveries, sales turnover and results.
In 2011 the company delivered more than 500,000 vehicles all over the world, boosting turnover results to 8.985 billion euro. Volkswagen Commercial Vehicles also raised operative results from the past fiscal year to 449 million euro, with operative turnover up from 3.4% to 5%.
“Volkswagen Commercial Vehicles continue to be on a sustained course of growth. The impressive results from the past year are proof positive of the great trust which our customers place in our products,” declared Dr. Wolfgang Schreiber, Speaker for the Board of Management.
This is the first time when the company sold 528,810 units worldwide, up 21.4%, compared to 435,700 units from 2010. Top seller and driving force in the growth of the brand in 2011 was the Caddy, with 160,600 deliveries worldwide, up 24.8% from 128,800 units in 2010. In Europe, registrations were up by 27.1% to 132,000 vehicles, which for the first time puts the Caddy generation in lead position in its market segment.
“With a market share of 21.8 percent and a lead of about 10,000 vehicles over the second-placed brand, we have established ourselves at the top in this fiercely competitive environment”, said Chairman of the Board Harald Schomburg.